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CAA Global Entry exam of the Certified Actuarial Analyst qualification Sample Questions:

1. Identify which of the following quantities can always be derived from a box plot of a data set.
I.Mean
II.Median
III. Mode
IV. Range
V.Sample size

A) II and IV only
B) I and III only
C) IV and V only
D) I and II only

2. Consider the three vectors:

Determine which of (he vectors or combination of vectors shown in the options has the greatest magnitude

A) w
B) v-u
C) v
D) u+v

3. Identify which of the following statements is not always true about a probability experiment.

A) The sum of the probabilities of all possible outcomes must be 1.
B) The probability of an event must lie in [0,1].
C) The probability of an event occurring equals the number of outcomes in the event space divided by the total number of possible outcomes in the sample space.
D) The sum of the probabilities of all possible events could be more than 1

4. Identify the necessary and sufficient condition under which the quadratic equation ax2+ 2a2x + a3= 0 hasone repeated real root.

A) a = 0
B) a>0
C) a<0
D) a0

5. Express the following using Pi notation:

A)

B)

C)

D)

A) Option C
B) Option B
C) Option D
D) Option A

Solutions: